Rumble Inc. (NASDAQ:RUM) Director Robert Arsov Sells 27,500 Shares of Stock

Rumble Inc. (NASDAQ:RUM) Director Robert Arsov sold 27,500 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $5.83, for a total transaction of $160,325.00. Following the transaction, the director now directly owns 12,604,837 shares of the company’s stock, valued at approximately $73,486,199.71. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Robert Arsov also recently made the following trade(s):

• On Monday, November 4th, Robert Arsov sold 27,500 shares of Rumble stock. The shares were sold at an average price of $5.69, for a total transaction of $156,475.00.
• On Thursday, October 3rd, Robert Arsov sold 27,500 shares of Rumble stock. The stock was sold at an average price of $5.12, for a total transaction of $140,800.00.
• On Tuesday, October 1st, Robert Arsov sold 27,500 shares of Rumble stock. The shares were sold at an average price of $5.24, for a total value of $144,100.00.
• On Thursday, September 5th, Robert Arsov sold 27,500 shares of Rumble stock. The shares were sold at an average price of $5.59, for a total value of $153,725.00.
• On Tuesday, September 3rd, Robert Arsov sold 27,500 shares of Rumble stock. The stock was sold at an average price of $5.57, for a total value of $153,175.00.

Rumble Trading Up 3.1 %

Shares of NASDAQ:RUM opened at $5.95 on Wednesday. The company has a 50 day moving average of $5.54 and a 200-day moving average of $6.02. The firm has a market cap of $2.31 billion, a P/E ratio of -9.60 and a beta of 0.72. Rumble Inc. has a twelve month low of $3.33 and a twelve month high of $9.20.

Rumble (NASDAQ:RUM) last released its earnings results on Monday, August 12th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.03). Rumble had a negative return on equity of 54.31% and a negative net margin of 163.37%. The firm had revenue of $22.47 million during the quarter, compared to analyst estimates of $19.69 million. Equities research analysts forecast that Rumble Inc. will post -0.55 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Redwood Wealth Management Group LLC bought a new stake in Rumble during the second quarter worth approximately $30,000. Coppell Advisory Solutions Corp. bought a new stake in shares of Rumble during the 1st quarter worth $81,000. Bank of New York Mellon Corp acquired a new position in shares of Rumble in the 2nd quarter worth $66,000. SG Americas Securities LLC acquired a new stake in shares of Rumble during the second quarter worth $67,000. Finally, Solano Wealth Management Inc. acquired a new stake in shares of Rumble during the second quarter worth $83,000. Institutional investors own 26.15% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wedbush restated a “neutral” rating and set a $8.00 price objective on shares of Rumble in a research note on Tuesday, August 13th.

About Rumble

Rumble Inc operates video sharing platforms in the United States, Canada, and internationally. The company operates rumble.com, a free-to-use video sharing and livestreaming platform where users can subscribe to channels to stay in touch with creators, and access video on-demand (VOD) and live content streamed by creators.